Bitcoin
Updated

#BTC Midday Update 18/7/2019

1 152

Please read the details we mentioned below the chart carefully. Thank you for your support.



In the last update for btc from $9600 we talked about BTC ability to to rebound $9750/$10000 max $10400 and our action was
waiting for next retracement move from there levels to $8500/8200


Current movement:
Shows btc move around $10440 after this dump to $9250 from $10000 btc got a fast pump to $10440 +11% in 1 Hour was a nice trade we missed this trade !!


Current action
we waiting for a Doji candle on the daily time frame them dump tomorrow, There no change in our view except one case, if btc close above 10500/11000 daily

Why that?
Due to close above $11000/11500 mean the target for H&S at $8500/8200 canceled, also cancel this chance for double top patten,
and activate this bullish divergence on daily and start another long-legged Doji on the weekly show how bulls defend well about the bullish trend



we were waiting for dump $13750
prntscr.com/ofcyto

from $12800/13200 we were waiting for dump
prntscr.com/of8nvs

from $11750/12000 we were waiting for dump
prntscr.com/of8phq

from $10650/10850 we were waiting for dump
prntscr.com/ogboej

About our prediction Since breakout $5500?! ( Long Term)
Btc moving in a critical range, the whole movement can be a trap or real recovery, but as we said before close above $7500 means btc takes first recovery step, but to confirm more bullish steps, btc still need to move, so putting prediction, it's like gambling with current movement!!
But anyway as long as btc hold above $5500 Monthly we expect more growth for btc and the bullish view will confirm by breaking $11500 monthly as we mentioned !!

After all, you need to know
The expectation does not mean imposing what you want on a fait accompli
It's just a conclusion from the current movement of what will happen in the future
But does not necessarily mean the success of that conclusion
anyway..., the reality and what happens, is the movement on which we sell and buy based on it, not the expectation. so if our expectation succeeds, we trade depending on movement, if it fails, we follow and trade with movement also, so we trade and care about movement more than expectation!!
So if btc follow what we expect this will be nice, fail to do that we care about movement and trading it no more


Ps:
we don`t short btc but we analysis bullish and bearish movement to extract best entry levels for btc !!
we don`t use leverage in our signals never!!

Our analysis contains two types of updates:
1-short term updates
In these updates, we talk about current movement with support and resistance for it and conditions to complete the main trend like this update about movement between $$11500 $13750

2- Mid&Long term updates
In these updates, we talk about the main trend and major support and resistance and best buy zones for trend, and retracement levels and ATH targets also we add perdition for the next movement

To avoid confusion
As a daily trader, you should care about short term updates only
As an investor, u should be looking for Mid&long term updates
For us as analysts, we care about these two types due to all of them running into one cycle!!



Summary of last week with BTC:
since two weeks ago from $13750 we setup retracement plan and we mentioned this plan still active, as long as btc move below $13750 daily
Brief Summary of our retracement plan from $13750!! Check this chart
sell at 13750 and wait for dump

Btc hit $9650 we got a scalp from it close early was the mistake of the day, but All Thanks to Allah we open many scalping after it, and we mentioned close below $11350/11500 daily will be the first step from bulls to wipe this weakness on the weekly frame due to this pin bar , then after that BTC Hit $13200 but failed to hold above this level ( don`t worry we were here on this time scalping and analysis Bearish DV from 12800/13200 was mentioned as first resistance level for btc after breakout $11350/12000 prntscr.com/oezi2w )

after that, we mentioned close below $11500 daily will resume our retracement plan for btc
Since this time we got the dump to $10265 today and during that we scalping and analyze btc movement also, All Thanks to Allah

#Is BTC will resume our retracement plan?!! In this update, we talked about closing below $11500 daily and said
Is BTC will resume our retracement plan?
The answer is yes if BTC close below $11500 daily we can see BTC retrace lower levels at 10900/10500/9100 maybe lower


#BTC Mid Day Update!! 7/11/2019
This update was midday update and trade for movement until btc close below $11500 daily, also has predicate for movement
we can see sideways movement for BTC for the next 3 days, but if BTC didn`t follow that, we expect more drop and resume our retracement plan by breakdown $11500 daily !

#BTC Mid Day update 12/7/2019!
In this update, we talked about H&S pattern also trading for movement and we mentioned our action is waiting for retrace and drop from $11750/12000 price reached 11950 then dump to $10265

#BTC Mid Day Update 13/7/2019 !!
In this update, we complete analysis for H&S pattern and talked about
When BTC Confirm H&S pattern ?!
Where H&S Targets?!
Which levels we wait to buy BTC !!
Brief Summary of our retracement plan from $13750!!


#BTC A new trading week will be with Bears or Bulls?!
In this update, we talk about:
our predictions for next week!!
The main levels for btc and best buy zones
Summary for our analyses in last week with btc!

#BTC Mid Day Update 15/7/2019
In this update, we talk about the rebound from $9850 and our scalping from $10025 and our action was waiting for sell-off from $10650/10850 check it

#BTC Mid Day Update 16/7/2019
In this update, we mentioned $9500 /$9150 as scalping point for btc

Our long term update about BTC ATH and conditions for it
BTC-Simple-Explanation-for-NEW-ATH-Dips-Best-Buy-Zones

#BTC Is That Time For New ATH? ATH / Disp / Support / resistance ATH Targets / Best buy zone Check it

#BTC fails to Achieve The NEW ATH Condition!! What the next?

All updates and analyses shared on TV and TG you can check them one by one you are free to leave your feedback there!!

Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay
Note
Continue Inside updates

Btc followed the last update and got the dump to $9650/9500 /9250 then rebounded to $10400 in 90 Min without us *_*

right now BTC move below ( SMA 200) 1H TF
we looking for dump from this area with Doji pattern on the daily frame if btc do that our target at $8500/8200 as the next retrace level
But
if btc fails to do and keep pump we will try to extract a buy-level and trade with movement


snapshot
we ask Allah reconcile and repay
Note
#BTC Friday updates 19/7/2019 ( Happy weekend for All )

#BTC Friday updates 19/7/2019


Good luck to all.
The Wild Crypto™,
We ask Allah reconcile and repay

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.